DIVI vs DWM: Grades, Fees and Holdings Compared

Franklin International Core Dividend Tilt Index ETF

DIVIANYSE Arca

WisdomTree International Equity Fund

DWMBNYSE Arca

Overlap

55.3%by weight

Expense ratio

DIVI −0.39pt a year

DIVI0.09%DWM0.48%

Avg volume · 30D

DIVI 16.3×the volume

DIVI176KDWM10.8K

10Y return · a year

DIVI +2.5pt

DIVI+11.2%DWM+8.7%

DIVI vs DWM Performance

Nov 9, 2021 – Nov 9, 2026

+87.1%DIVI+64.1%DWM

Expense ratio: DIVI 0.09%, better; DWM 0.48%
Fund size: DIVI $2.59B; DWM $644M
1Y total return: DIVI +17.7%, better; DWM +15.1%
Yield (12M): DIVI 3.66%, better; DWM 2.69%
Holdings: DIVI 419; DWM 1391
Avg volume (30D): DIVI 176K sh, better; DWM 10.8K sh
NAV per share: DIVI $41.69; DWM $72.38
52W range

ETF.net Grade

Pillar letters and Scores for DIVI, DWM, with each pillar’s weight
Pillar	DIVI	DWM
Cost30% weight	A90Higher	B57
Mission25% weight	A100	A100
Risk15% weight	C40	C45Higher
Tradability15% weight	B66Higher	C49
Holdings10% weight	A81	A87Higher
Durability5% weight	B65Higher	B58

Rank among International Dividend Index funds

How we build Categories ›

Same Category. DIVI and DWM are both graded against the same 34 International Dividend Index funds, so their Grades compare head to head.

International Dividend Index⁠

Category · 34 funds

See all 34 ›

DIVI ranks 2nd and DWM 12th of 34 funds in the International Dividend Index Category.

Rank 1AVYMIVanguard International High Dividend Yield ETFScore 84
Rank 2ADIVIFranklin International Core Dividend Tilt Index ETFScore 79
Rank 3ASCHYSchwab International Dividend Equity ETFScore 78
Rank 11BDWXState Street SPDR S&P International Dividend ETFScore 68
Rank 12BDWMWisdomTree International Equity FundScore 67
Rank 13BIQDFNorthern Trust International Quality Dividend ETFScore 64

Our read on each fund

ETF.net Research

DIVIAFranklin International Core Dividend Tilt Index ETF

DWMBWisdomTree International Equity Fund

In short

DIVI A tilt, not a screen: DIVI optimizes a broad developed-markets ex-North America index toward higher yield while limiting drift from that parent. Core international shape, income lean, 0.09% a year.

DWM A 2006 original: a dividend screen thrown across developed markets outside the US and Canada, landing on roughly 1,300 names rather than a short high-yield shortlist.

Stated mandate

DIVI The Fund seeks to track, before fees and expenses, the Morningstar Developed Markets ex-North America Dividend Enhanced Select Index. Its index methodology seeks higher dividend yield than the parent index while maintaining core exposure to developed markets outside North America.

DWM The fund seeks to track an index of dividend-paying companies in developed markets outside the United States and Canada.

Why people hold it

DIVI Costs 0.09% a year, while the median fund in its international-dividend cohort charges closer to 0.50%.
The index takes a broad developed ex-North America benchmark and optimizes it for higher yield while limiting expected tracking error to that parent. Income lean, core shape.sec.gov
Tracks its index closely, among the strongest implementations in its peer group.
A multi-billion-dollar fund holding about 80 developed-market names, paying distributions quarterly.

DWM Live since 2006, with the same job description the whole time: dividend-paying companies in developed markets outside the US and Canada.wisdomtree.com
Roughly 1,300 holdings is a wide net, closer to owning the developed-market dividend payers wholesale than to a concentrated yield list.
Hugs its stated benchmark, the WisdomTree International Equity Index, about as closely as anything in its peer group.wisdomtree.com
0.48% a year sits just under the median fee for international dividend funds, and it distributes on a quarterly schedule.

Worth knowing

DIVI The tilt is mild by design: the index caps how far it can drift from its parent, so it reaches for less yield than funds built on hard high-yield screens.sec.gov
Cheaper options sit in the same cohort (VYMI at 0.07%, SCHY at 0.08%), so the fee edge is over the category median, not over the largest index shops.
Today's strategy dates to 2022, when the fund was renamed from Franklin LibertyQ International Equity Hedged ETF, so its 2016-onward record covers a different mandate.sec.gov

DWM The fee is the sore spot in the neighborhood: VYMI charges 0.07% and SCHY 0.08%, so the broad net here comes at a real markup.
Thinly traded next to the category's giants, which puts more weight on limit orders and a glance at the spread before you deal.
No US or Canadian stocks by design, and no currency hedge in the mandate, so it behaves like one sleeve of a portfolio rather than the whole thing.wisdomtree.com

Full DIVI profile⁠

Full DWM profile⁠

DIVI vs DWM Holdings

How DIVI and DWM differ

Overlap by weight

55.3%

Shared holdings make up 84.7% of DIVI and 65.7% of DWM.

Level by level

Holdings319 in both55.3%
Countryby domicile90.8%
Sector11 Sectors92.0%
Asset classStocks100%

Sector

Sector weights in DIVI and DWM, widest gap first
Sector	Gap	DIVI	DWM
Financials	DIVI +4.7 points	28.8%	24.1%
Consumer Discretionary	DWM +3.5 points	6.5%	10.0%
Technology	DIVI +2.6 points	9.4%	6.8%
Energy	DWM +1.7 points	3.7%	5.4%
Industrials	DWM +1.0 points	16.9%	17.9%
Communication	DIVI +0.6 points	5.3%	4.7%
Materials	DWM +0.6 points	5.4%	6.0%
Utilities	DWM +0.4 points	4.5%	4.9%
Real Estate	DWM +0.3 points	2.2%	2.5%
Consumer Staples	DWM +0.2 points	7.0%	7.2%
Health Care	DWM +0.2 points	10.3%	10.5%

Country, concentration and asset class

Country by domicile

Country weights in DIVI and DWM, widest gap first
Country	Gap	DIVI	DWM
Spain	DWM +3.1 points	2.8%	5.9%
Netherlands	DIVI +2.8 points	5.5%	2.7%
Australia	DIVI +1.8 points	8.5%	6.7%
Sweden	DWM +1.6 points	2.9%	4.5%
Germany	DIVI +1.3 points	8.1%	6.8%
United Kingdom	DIVI +1.1 points	14.2%	13.1%
Poland	DIVI +1.1 points	1.1%	0.0%
Hong Kong	DIVI +0.9 points	2.7%	1.8%
Other countries (19)	DWM +4.1 points	54.3%	58.4%

Outside the US: DIVI 98% developed, 2% emerging. DWM 98% developed, 2% emerging.

Concentration

Weight in the 10 largest Holdings

DIVI14.1%
DWM12.6%

Securities held

DIVI417
DWM1,375

Asset class

DIVI: Stocks
DWM: Stocks

Holdings

Only in DIVI98
In both319
Only in DWM1,056

Only in DIVI

98 securities, 15.3% of DIVI by weight

Astrazeneca PLC1.30%
Commonwealth Bank of Aust0.79%
Dhl AG0.50%
Mercedes-Benz Group AG0.47%
National Australia Bank L0.46%
Imperial Brands PLC0.46%
Reckitt Benckiser Group0.46%
Net Current Assets0.43%
Cie Financiere Richemo-A0.40%
Aib Group PLC0.35%
Pko Bank Polski SA0.35%
Bayerische Motoren Werke0.30%
Credit Agricole SA0.28%
Partners Group Holding AG0.27%
Banco Bpm Spa0.26%
Telefonica SA0.25%
Pernod Ricard SA0.24%
Vonovia SE0.24%
Fortescue Ltd0.24%
Volkswagen Ag-Pref0.22%
Kioxia Holdings Corp0.22%
Sekisui House Ltd0.21%
Link Reit0.20%
Danone0.20%
Bank Pekao SA0.20%
Upm-Kymmene Oyj0.19%
Ferrovial NV0.17%
Capitaland Integrated Com0.17%
Intertek Group PLC0.16%
Capgemini SE0.16%
Powszechny Zaklad Ubezpie0.15%
Jardine Matheson Holdings0.15%
Ericsson Lm-B Shs0.15%
Standard Life PLC0.13%
Telenor Asa0.13%
TELE2 Ab-B Shs0.13%
Subaru Corp0.13%
Bt Group PLC0.13%
Asx Ltd0.12%
Mitsubishi Chemical Group0.12%
Orkla Asa0.12%
M&G PLC0.12%
Hennes & Mauritz Ab-B Shs0.12%
Lottery Corp Ltd/The0.12%
Glencore PLC0.12%
Icg PLC0.11%
Orlen SA0.11%
Ferrari NV0.11%
Capitaland Ascendas Reit0.11%
Erste Bank Polska SA0.11%

Only in DWM

1,056 securities, 33.3% of DWM by weight

Astrazeneca PLC0.70%
Deutsche Post Ag-Reg0.36%
Air Liquide SA0.32%
BOC Hong Kong Holdings Ltd0.30%
CIE Financiere Richemont0.27%
Nippon Telegraph & Telephone Corp0.25%
Volvo AB0.23%
Coca-Cola Europacific Partne0.20%
Holcim Ltd0.19%
Kongsberg Gruppen Asa0.18%
Commerzbank AG0.17%
Ferrari NV0.17%
Siemens Healthineers Ag0.17%
Sigma Pharmaceuticals Ltd0.16%
MS&AD Insurance Group Holdings Inc0.16%
Ferrovial Se0.16%
Reckitt Benckiser Group Plc0.15%
Barclays PLC0.15%
Erste Group Bank AG0.14%
Cathay Pacific Airways Ltd0.14%
Glencore PLC0.14%
Aristocrat Leisure Ltd0.14%
Deutsche Bank AG0.14%
Goodman Group0.13%
InterContinental Hotels Group0.13%
Singapore Technologies Engineering Ltd0.12%
Banco Popolare SC0.12%
Amadeus IT Group SA0.12%
Allied Irish Banks PLC0.12%
Baycurrent Consulting Inc0.12%
Phoenix Group Holdings Plc0.11%
Rwe AG0.11%
Koninklijke Ahold NV0.11%
Tenaris Sa0.10%
Heineken NV0.10%
Sandoz Group Ag0.10%
Klepierre0.10%
Sanrio Co Ltd0.10%
Frontline Plc0.10%
Hensoldt Ag0.10%
Zensho Holdings Co Ltd0.10%
Novozymes A/S0.10%
Yangzijiang Shipbuilding Holdi0.10%
EMS-Chemie Holding AG0.10%
Saab Ab-B0.10%
Nemetschek Se0.09%
Ryohin Keikaku Co Ltd0.09%
Assa Abloy AB0.09%
Hennes & Mauritz AB0.09%
Accor SA0.09%

Weight gaps

The 100 widest of 319 Holdings in both funds.

Holding weights in DIVI and DWM, widest gap first
Holding	Gap	DIVI	DWM
Asml Holding NV	DIVI +1.96 points	2.61%	0.65%
Industria De Diseno Texti	DWM +1.01 points	0.13%	1.14%
Shell PLCSHEL.L	DWM +0.96 points	0.45%	1.41%
Sap SE	DIVI +0.66 points	1.13%	0.47%
Siemens Ag-Reg	DIVI +0.60 points	1.16%	0.56%
Recruit Holdings Co Ltd	DIVI +0.57 points	0.75%	0.18%
Advantest Corp	DIVI +0.50 points	0.63%	0.13%
Takeda Pharmaceutical Co	DIVI +0.47 points	0.70%	0.23%
Iberdrola SA	DWM +0.45 points	0.41%	0.86%
Diageo PLCDGE.L	DIVI +0.43 points	0.52%	0.09%
Sanofi	DIVI +0.42 points	1.08%	0.66%
Sony Group Corp	DIVI +0.39 points	0.57%	0.18%
Hitachi Ltd	DIVI +0.38 points	0.60%	0.22%
Caixabank SA	DWM +0.37 points	0.26%	0.63%
Allianz Se-Reg	DWM +0.35 points	0.87%	1.22%
Aviva PLCAV.L	DIVI +0.34 points	0.44%	0.10%
Banco Santander SA	DWM +0.32 points	0.28%	0.60%
Siemens Energy AG	DIVI +0.32 points	0.45%	0.13%
Anheuser-Busch Inbev Sa/N	DWM +0.31 points	0.07%	0.39%
Woodside Energy Group Ltd	DIVI +0.32 points	0.47%	0.15%
Rolls-Royce Holdings PLCRR.L	DIVI +0.31 points	0.57%	0.26%
Eni Spa	DIVI +0.31 points	0.64%	0.33%
Nn Group NV	DIVI +0.30 points	0.32%	0.02%
Tokyo Electron Ltd	DIVI +0.31 points	0.59%	0.28%
Rio Tinto PLCRIO.L	DIVI +0.30 points	0.78%	0.48%
Swedbank Ab - A Shares	DIVI +0.30 points	0.54%	0.24%
Lvmh Moet Hennessy Louis	DWM +0.28 points	0.57%	0.85%
Orange	DIVI +0.28 points	0.51%	0.23%
Swiss Re AG	DIVI +0.27 points	0.44%	0.17%
Nestle Sa-Reg	DIVI +0.28 points	1.47%	1.19%
Gsk PLCGSK.L	DIVI +0.28 points	0.68%	0.40%
Unilever PLCULVR.L	DIVI +0.27 points	0.80%	0.53%
Softbank Corp	DIVI +0.27 points	0.54%	0.27%
Nippon Steel Corp	DIVI +0.27 points	0.30%	0.03%
Equinor Asa	DWM +0.26 points	0.10%	0.36%
Endesa SA	DWM +0.25 points	0.09%	0.34%
Bank Hapoalim Bm	DIVI +0.25 points	0.34%	0.09%
Transurban Group	DIVI +0.25 points	0.47%	0.22%
Hermes International	DWM +0.25 points	0.07%	0.32%
Totalenergies SE	DWM +0.24 points	0.73%	0.97%
L'oreal	DWM +0.24 points	0.36%	0.60%
Hong Kong Exchanges & Cle	DIVI +0.25 points	0.47%	0.22%
Enel Spa	DIVI +0.23 points	0.90%	0.67%
Bank Leumi Le-Israel	DIVI +0.23 points	0.32%	0.09%
Generali	DWM +0.23 points	0.14%	0.37%
Basf SE	DIVI +0.23 points	0.42%	0.19%
British American TobaccoBATS.L	DIVI +0.22 points	1.10%	0.88%
Singapore Telecommunicati	DWM +0.22 points	0.02%	0.24%
Nordea Bank Abp	DIVI +0.21 points	0.75%	0.54%
Julius Baer Group Ltd	DIVI +0.21 points	0.22%	0.01%
Airbus SE	DIVI +0.21 points	0.57%	0.36%
Wolters Kluwer	DIVI +0.21 points	0.31%	0.10%
Rio Tinto Ltd	DIVI +0.21 points	0.40%	0.19%
Sgs Sa-Reg	DIVI +0.20 points	0.31%	0.11%
Mitsubishi Electric Corp	DIVI +0.19 points	0.30%	0.11%
Ageas	DIVI +0.20 points	0.25%	0.05%
Astellas Pharma Inc	DIVI +0.20 points	0.34%	0.14%
Axa SA	DWM +0.19 points	0.67%	0.86%
Atlas Copco Ab-A Shs	DWM +0.19 points	0.06%	0.25%
Westpac Banking Corp	DIVI +0.19 points	0.50%	0.31%
Shin-Etsu Chemical Co Ltd	DIVI +0.18 points	0.32%	0.14%
Softbank Group Corp	DIVI +0.19 points	0.33%	0.14%
Bhp Group Ltd	DWM +0.18 points	1.10%	1.28%
Infineon Technologies AG	DIVI +0.18 points	0.26%	0.08%
Honda Motor Co Ltd	DIVI +0.18 points	0.39%	0.21%
Mitsubishi Heavy Industri	DIVI +0.19 points	0.27%	0.08%
Keyence Corp	DIVI +0.18 points	0.34%	0.16%
Roche Holding Ag-Br	DWM +0.18 points	0.07%	0.25%
Kddi Corp	DWM +0.18 points	0.01%	0.19%
Komatsu Ltd	DIVI +0.17 points	0.26%	0.09%
Koninklijke Kpn NV	DIVI +0.17 points	0.27%	0.10%
Veolia Environnement	DIVI +0.17 points	0.30%	0.13%
Schneider Electric SE	DIVI +0.16 points	0.59%	0.43%
Anz Group Holdings Ltd	DIVI +0.17 points	0.46%	0.29%
Daiwa Securities Group In	DIVI +0.17 points	0.20%	0.03%
Banco Bilbao Vizcaya Arge	DWM +0.16 points	0.74%	0.90%
Origin Energy Ltd	DIVI +0.16 points	0.21%	0.05%
Israel Discount Bank-A	DIVI +0.17 points	0.18%	0.01%
Bawag Group AG	DIVI +0.16 points	0.19%	0.03%
Engie	DIVI +0.16 points	0.57%	0.41%
Mizuho Financial Group In	DIVI +0.16 points	0.42%	0.26%
Nomura Holdings Inc	DIVI +0.16 points	0.20%	0.04%
Muenchener Rueckver Ag-Re	DIVI +0.16 points	0.47%	0.31%
Safran SA	DIVI +0.16 points	0.37%	0.21%
Hannover Rueck SE	DIVI +0.16 points	0.26%	0.10%
Murata Manufacturing Co L	DIVI +0.16 points	0.27%	0.11%
Intesa Sanpaolo	DWM +0.16 points	0.98%	1.14%
Orix Corp	DIVI +0.15 points	0.22%	0.07%
Csl Ltd	DIVI +0.14 points	0.34%	0.20%
United Utilities Group PlUU.L	DIVI +0.15 points	0.24%	0.09%
Macquarie Group Ltd	DIVI +0.15 points	0.33%	0.18%
Toyota Motor Corp	DWM +0.15 points	0.94%	1.09%
Aia Group Ltd	DIVI +0.14 points	0.43%	0.29%
Legal & General Group PLCLGEN.L	DIVI +0.14 points	0.33%	0.19%
Tesco PLCTSCO.L	DWM +0.14 points	0.02%	0.16%
Mitsubishi Corp	DIVI +0.14 points	0.43%	0.29%
Daimler Truck Holding AG	DIVI +0.14 points	0.29%	0.15%
Sumitomo Corp	DIVI +0.13 points	0.25%	0.12%
Japan Exchange Group Inc	DIVI +0.13 points	0.16%	0.03%
Koninklijke Philips NV	DIVI +0.14 points	0.20%	0.06%

All DIVI holdings⁠All 1,339 DWM holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DIVI vs DWM Cost

Overpaying DWM vs DIVI

$7,707

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

DIVI 0.09%
$1,898
DWM 0.48%
$9,605

Amount$10,000

Years30 years

Cost over time

DIVI 0.09%
DWM 0.48%
Overpaying

Year by year

Year	DIVI	DWM	Overpaying
10	$165	$865	$700
20	$646	$3,328	$2,682
30	$1,898	$9,605	$7,707

Expense ratio

0.09%DIVI, cheaper
0.48%DWM

DIVI0.09%DWM0.48%

0.07%0.60%

Middle half of International Dividend Index funds
Median 0.49%

DIVI 4th cheapest of 34 funds

DWM 15th cheapest of 34 funds

DIVI vs DWM Dividends

Last 12 months to Nov 9, 2026

Yield (12M): DIVI 3.66%, better; DWM 2.69%
Payout (12M): DIVI $1.57; DWM $2.00
Last payment: DIVI $0.21; DWM $0.29
Ex-dividend: DIVI Sep 18, 2026; DWM Sep 25, 2026
Paid on: DIVI Sep 25, 2026; DWM Sep 29, 2026
Frequency: DIVI Quarterly; DWM Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

DIVIQuarterly · 28 paymentsAll DIVI payments⁠

DWMQuarterly · 40 paymentsAll DWM payments⁠

DIVI vs DWM Risk

Fall from peak · 5 years

DIVI
DWM

Risk facts

VolatilityStd dev, 3 years: DIVI 11.6%DWM 11.0%, better
Return per unit of riskSharpe ratio, 3 years: DIVI 1.30DWM 1.30
Worst fallMax drawdown, 5 years: DIVI −18.5%, betterDWM −25.7%
Market sensitivityBeta, 5 years: DIVI 0.93DWM 0.82; Market = 1

DIVI and DWM in the news

All news⁠

ETF Filings
Franklin Templeton files two enhanced ETFs to absorb its international core funds
Sep 18, 2026DIVI

Popular comparisons

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DIVI vs DWM

In short

Stated mandate

Why people hold it

Worth knowing

How DIVI and DWM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DIVI

Only in DWM

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

Franklin Templeton files two enhanced ETFs to absorb its international core funds

How DIVI and DWM differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in DIVI

Only in DWM

Weight gaps